I'm about to file our taxes and I am going over the medical expenses section. DH has A LOT of money taken out of each paycheck for insurance, but is this actual insurance premiums that is coming out of his paychecks?
Yep, if he has medical insurance through his work, they are taking deductions for insurance premiums. If he has a health care spending account, they are taking for that too.
bfp 5/17/09 - missed m/c 6/17/09 @ 9w - stopped growing 6w 1d, D&C 6/19/09
BFP #2 10/13/2009 on our 2nd Wedding Anniversary
Discovered TWINS during the 6w u/s - what a shocker!
Delivered on 5/19/2010 at 34 weeks due to pre-e and HELLP syndrome
The Bump MoM Recipe Collection
Yep, if he has medical insurance through his work, they are taking deductions for insurance premiums. If he has a health care spending account, they are taking for that too.
So can we claim that? I think it was taken out pre-tax.
Yep, if he has medical insurance through his work, they are taking deductions for insurance premiums. If he has a health care spending account, they are taking for that too.
So can we claim that?
a lot of times insurance comes out pre-tax. In which case, I'm 90% sure you can't claim them.
look on the check, is the "federal taxable income" lower than the gross? or does it star the deductions and note them as "pre-tax"?
Yep, if he has medical insurance through his work, they are taking deductions for insurance premiums. If he has a health care spending account, they are taking for that too.
So can we claim that?
a lot of times insurance comes out pre-tax. In which case, I'm 90% sure you can't claim them.
look on the check, is the "federal taxable income" lower than the gross? or does it star the deductions and note them as "pre-tax"?
I can't tell from his return, but DH says he 100% sure they are taken out pre-tax. Boo Oh well, now I can go ahead and file! Thanks for the help ladies!
Yep, if he has medical insurance through his work, they are taking deductions for insurance premiums. If he has a health care spending account, they are taking for that too.
So can we claim that?
a lot of times insurance comes out pre-tax. In which case, I'm 90% sure you can't claim them.
look on the check, is the "federal taxable income" lower than the gross? or does it star the deductions and note them as "pre-tax"?
I can't tell from his return, but DH says he 100% sure they are taken out pre-tax. Boo Oh well, now I can go ahead and file! Thanks for the help ladies!
Re: Are insurance premiums taken out of paychecks?
BFP #2 10/13/2009 on our 2nd Wedding Anniversary
Discovered TWINS during the 6w u/s - what a shocker!
Delivered on 5/19/2010 at 34 weeks due to pre-e and HELLP syndrome
The Bump MoM Recipe Collection
So can we claim that? I think it was taken out pre-tax.
a lot of times insurance comes out pre-tax. In which case, I'm 90% sure you can't claim them.
look on the check, is the "federal taxable income" lower than the gross? or does it star the deductions and note them as "pre-tax"?
I can't tell from his return, but DH says he 100% sure they are taken out pre-tax. Boo
Oh well, now I can go ahead and file! Thanks for the help ladies!
yeah that's usually the norm, happy filing!